current assets section

Presented below are selected accounts of Aramis Company at December 31, 2012.

Finished Goods $60,900 Cost of Goods Sold $2,178,000
Unearned Revenue 94,330 Notes Receivable 59,600
Equipment 260,100 Accounts Receivable 162,730
Work-in-Process 42,070 Raw Materials 188,890
Cash 40,130 Supplies Expense 76,097
Equity Investments (short-term) 39,690 Allowance for Doubtful Accounts 12,160
Customer Advances 48,100 Licenses 18,410
Cash Restricted for Plant Expansion 50,380 Additional Paid-in Capital 91,560
Treasury Stock 26,880

The following additional information is available.

1. Inventories are valued at lower-of-cost-or-market using LIFO.
2. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $54,960.
3. The short-term investments have a fair value of $36,800. (Assume they are trading securities.)
4. The notes receivable are due April 30, 2014, with interest receivable every April 30. The notes bear interest at 6%. (Hint: Accrue interest due on December 31, 2012.)
5. The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $60,000 are pledged as collateral on a bank loan.
6. Licenses are recorded net of accumulated amortization of $14,820.
7. Treasury stock is recorded at cost.

Prepare the current assets section of Aramis Company’s December 31, 2012, balance sheet, with appropriate disclosures